Total amount raised
$395.5 Million
Latest funding date
9/1/2023
Location
Pax8 has successfully raised funding over 9 rounds, with the latest being a Debt Financing round led by HSBC. The company is backed by 8 investors, including Liberty Global Ventures.
Keep reading to explore the intricacies of Pax8's fundraising journey and the investors backing this innovative cloud commerce marketplace.
What Is Pax8?
Pax8 is a prominent player in the cloud commerce marketplace, specializing in cloud-based solutions. The company operates within the cloud management, enterprise software, infrastructure, and marketplace industries. Based in Greenwood Village, Colorado, Pax8 has a substantial workforce ranging from 1001 to 5000 employees.
Founded to revolutionize how businesses manage and purchase cloud solutions, Pax8 offers a comprehensive platform that includes cybersecurity, infrastructure, and productivity tools. The company supports its partners with educational resources, professional services, and events, fostering growth and innovation in the cloud marketplace.
How Much Funding Has Pax8 Raised?
- Debt Financing
- Amount Raised: USD 3,550,000
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion efforts.
- Series Unknown
- Amount Raised: USD 350,000
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and market reach.
- Series Unknown
- Amount Raised: USD 5,050,000
- Date: February 2014
- Lead Investors: FirstMile Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
- Pre Seed
- Amount Raised: USD 520,000
- Date: December 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch initial product and enter the market.
- Series Unknown
- Amount Raised: USD 13,300,000
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance service offerings.
- Series Unknown
- Amount Raised: USD 41,700,000
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and innovation in cloud solutions.
- Series Unknown
- Amount Raised: USD 96,000,000
- Date: January 2021
- Lead Investors: Catalyst Investors, Sageview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series Unknown
- Amount Raised: USD 185,000,000
- Date: April 2022
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: USD 1.7 billion
- Motivation Behind the Round: To accelerate innovation and expand into new global markets.
- Debt Financing
- Amount Raised: USD 50,000,000
- Date: September 2023
- Lead Investors: HSBC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational expansion.
Total Amount Raised: USD 395,470,000. Current Valuation: USD 1.7 billion.
Key Investors
- HSBC
- Details: HSBC is one of the world's largest banking and financial services organizations, headquartered in London. It operates in 64 countries and territories, serving more than 40 million customers.
- Investment Focus Areas: Banking, financial services, wealth management.
- Notable Investments: HSBC has invested in various sectors, including technology and infrastructure, but specific notable investments are not publicly disclosed.
- SoftBank Vision Fund 2
- Details: SoftBank Vision Fund 2 is a venture capital fund managed by SoftBank Investment Advisers. It focuses on investing in technology-driven companies that are poised to disrupt industries and create new markets.
- Investment Focus Areas: Technology, innovation, transformative B2B markets.
- Notable Investments: Uber, WeWork, DoorDash.
- Catalyst Investors
- Details: Catalyst Investors is a growth equity firm that invests in technology-enabled services. The firm focuses on companies that are at the forefront of innovation and have strong growth potential.
- Investment Focus Areas: Technology-enabled services, cloud computing, digital media.
- Notable Investments: Weave, Jobvite, Conductor.
- Sageview Capital
- Details: Sageview Capital is a private investment firm that provides growth capital to tech-enabled businesses. The firm focuses on companies that offer innovative solutions and have strong growth potential.
- Investment Focus Areas: Software, data, tech-enabled services.
- Notable Investments: Avalara, Elastic, MetricStream.
- Liberty Global Ventures
- Details: Liberty Global Ventures is the investment arm of Liberty Global, a leading international TV and broadband company. The firm invests in technology, media, and telecommunications companies.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Plume, EdgeConneX, Layer3 TV.
What's Next for Pax8?
With a fresh infusion of $185 million, Pax8 is poised to accelerate its innovation and expand into new global markets. The company aims to enhance its cloud marketplace and technology platform, empowering small and medium-sized businesses (SMBs) with cutting-edge solutions. This significant investment, led by SoftBank Vision Fund 2, underscores the vast opportunities available for Pax8, including the potential to cloud-enable more than 200,000 businesses through its 20,000 managed services partners.
Future fundraising opportunities seem promising, given the strong backing from high-profile investors. Pax8 may continue to attract substantial funding to support its ambitious growth and innovation goals. However, the company will need to navigate challenges such as maintaining rapid growth, managing global expansion complexities, and staying ahead in the competitive cloud commerce market. By leveraging its new capital, Pax8 is well-positioned to drive forward and meet the evolving needs of the IT industry.
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